Profile

The General American Investors Company, Inc. is a closed-end fund that manages a global portfolio of investments, consisting mainly of United States securities, and also some international and private securities. The General American Investors investment trust was launched in 1927 under the sponsorship of Lazard Frères and Lehman Brothers. In its first year of operation, it earned $1.1 million. In September 1928, Lazard Frères and Lehman Brothers launched a second fund, named the Second General American Investors Company. In August 1928, the two funds merged, to form the current General American Investors Company, with Lazard Frères and Lehman Brothers underwriting the $40 million deal.